Steven Check Check Capital Management
Steven Check is the founder of Check Capital Management, a value-oriented firm known for research-driven equity portfolios and a long-term client focus. The firm often emphasizes understandable businesses purchased with a margin of safety. Check’s public commentary and portfolio disclosures appeal to investors who prefer classical value frameworks.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T. Rowe Price
TROW
|
+$44.9M |
| 2 |
Brookfield
BN
|
+$29.9M |
| 3 |
US Bancorp
USB
|
+$22.2M |
| 4 |
LKQ Corp
LKQ
|
+$11M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$8.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AutoZone
AZO
|
+$47.6M |
| 2 |
GE Aerospace
GE
|
+$28.1M |
| 3 |
Qualcomm
QCOM
|
+$8.81M |
| 4 |
IBM
IBM
|
+$2.5M |
| 5 |
American Express
AXP
|
+$1.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.42% |
| 2 | Consumer Discretionary | 8.82% |
| 3 | Technology | 3.87% |
| 4 | Consumer Staples | 3.59% |
| 5 | Industrials | 2.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bath & Body Works
BBWI
$3.92B
| – | – |
-8,535
| Closed | -$209K |
|
52
Capital One
COF
$134B
| – | – |
-2,500
| Closed | -$237K |
|
|
53
GE Aerospace
GE
$361B
| – | – |
-520,190
| Closed | -$28.1M |
|
54
Halliburton
HAL
$29.4B
| – | – |
-6,251
| Closed | -$253K |
|
55
Labcorp
LH
$27.3B
| – | – |
-2,858
| Closed | -$426K |
|
56
Winnebago Industries
WGO
$898M
| – | – |
-8,700
| Closed | -$288K |
|
|
ESRX
57
DELISTED
Express Scripts Holding Company
ESRX
| – | – |
-6,175
| Closed | -$587K |
|
|
JEF
58
DELISTED
JEFFERIES GROUP INC(NEW)
JEF
| – | – |
-10,100
| Closed | -$222K |
|
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Steven Check's Q4 2018 Portfolio in Review
As of Q4 2018, Steven Check held 60 positions worth $1.86B, down 7.3% from $2.01B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Steven Check deployed $106M of net new capital in Q4 2018, opening 3 new positions and adding to 19 existing holdings. Its largest new stake was T. Rowe Price: 462,976 shares worth $42.7M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was AutoZone, an estimated $47.6M trimmed.
- Steven Check's largest Q4 2018 buy was T. Rowe Price: 462,976 shares worth $42.7M.
- Steven Check added most to Brookfield in Q4 2018, an estimated $29.9M increase.
- Steven Check's biggest Q4 2018 reduction was AutoZone, cutting an estimated $47.6M.
- Steven Check fully exited GE Aerospace in Q4 2018, selling an estimated $28.1M.
- Steven Check's ten largest holdings make up 77% of its $1.86B portfolio in Q4 2018.
- Steven Check opened 3 new positions and closed 8 in Q4 2018.
- Steven Check's portfolio value fell 7.3% quarter-over-quarter to $1.86B.
Based on Check Capital Management's 13F filing for Q4 2018, filed 7 Feb 2019.